The school year is officially over. It the summer months that I enjoy, because I am working on an article, when I would normally be running out the door to take my daughters to daycare. Instead, I am writing an article as the sunrises while I drink a cup of tea.
Now, I have made a lot of mistakes throughout my life dealing with finances. From digging myself a large debt hole to not maxing out all retirement accounts, but one of the biggest mistakes that I have made is not understanding the 457 deferred compensation plan.
Last October, we jumped into travel rewards and we benefited greatly! We continue to follow our plan laid out in October of 2018, with modifications here and there. This article is a review of what our plan looked like at the start, a breakdown of the steps we have taken today, the travel redeemed and a look at how our credit score was affected due to travel rewards.
My baseball season is officially over. This means that my Saturdays are free once again! It was a rough season as we had two games cancelled due to weather. We had a chance at winning the district championship, but the two rainouts hurt and we ended with the 2nd best record in the league. This means that I get to focus more time on my writing.
With two kids in the house and both of them in daycare, I was really expecting our savings to decrease. However, we have taken some huge steps to make sure that our savings has the ability to increase this year. I mentioned a little bit about our changes at the beginning of the year, but I will refresh your memory. Last year, Our focus was mortgage payoff. We didn’t focus as much on retirement savings or taking advantage of tax deferred accounts. This year, however, we have made a change in our plan. This change has allowed us to increase our savings by utilizing tax-deferred accounts.
The end of March and beginning of April have been pretty interesting for the Summit of Coin Household. Baseball season began the day I returned back to work. This season of the year, requires me to spend a minimum of 10 hours a day at work, plus we play our games on Saturdays.
Being on the cruise, it got me thinking about all the money that you can just throw away. I saw people after people just throwing their hard earned money down the drain in the name of a good time. My wife and I had a great time all without spending loads of money. Based on my experiences from being on a cruise, I have created a list of ways to save money while on the big ship that can become a money pit!
Greetings from the sea! As I mentioned in my last article, my wife and I were preparing for a cruise! Well, the preparing is over and we are cruising! All I can see is the ocean. It is beautiful and breathtaking. Something that I have never experienced in my life. Sure, I like to travel, but I have never taken the opportunity to go on a cruise. Well, here I am and it gave me an idea. I am pretty lucky to be a teacher. I may not make as much as the next guy and I may work long hours every week, but there are times that the teacher life is pretty cool.
March finds my wife and I preparing for our cruise. We are going to celebrate 5 years of marriage approximately 9 months late. Thus, it’s really closer to a celebration of 6 years of marriage. I guess, in the end it really doesn’t matter what we call it, all that matters is that we are taking some time off to celebrate our relationship with each other.